IcebergSlim
Diamond Member
- Oct 11, 2013
- 10,886
- 9,142
- 2,255
- Banned
- #181
How is stating the fact about the January 2009 CBO report "bashing" the worst POTUS of the modern era?The failure of the Senate to pass the budget does NOT give POTUS "carte Blanche" to spend at will.....
As I've demonstrated, you have no idea what you are yammering about....
So please explain how we have been operating on continuing resolutions, that this POTUS has managed to implement programs that have resulted in approximately 700 billion dollars more a year than was authorized by the last approved budget?
Dude,
You're a brick....
I've shown you the graph for Federal outlays.....it wàs been essentially flat between fy2009 and fy 2016......spending will reach just under 4 trillion in fy2017....
Given that fy2009 spending totalled 3.55 trillion, where do you see 700 billion per year in excess of what is called for through the CR process...
It's called the national debt growing from 13 trillion to an est 20 trillion in 8 years dumbass, do the math
You know that there are two variables which determine the deficit, right?
And if this is all due to Obama's spending, can you figure out how the CBO was able to project 5 trillion in cumulative furure deficits in January, 2009, WEEKS before Obama's inauguration?
Wow, are we back to bashing Bush? Really? Are you really that dumb? Yes they projected that based on the housing bubble and lost revenues (dividends paid out ) and lower tax revenues. I was a fan of neither Bush's bail out nor Obama's, but they happened and Oduma has continued to spend like a madman. So Bush started the mad spending with the 700 billion bail out of F&F, Oduma had to join in and bail out the auto industry with their own 700 Billion of additional spending, and he hasn't slowed down.
Yes, I am aware of the two variables dickhead. Spending is out of control, and must stop. Another indicator of Odumas failed policies, first time EVER the lowering of U.S. Treasury bonds from a AAA rating to AA.
And part of the projection was informed by the structural deficit bequeathed by the aforementioned worst POTUS of the modern era.....
The two variables which determine the size of the deficit are expenditures and revenues... .so when Scrub Cuts tax rates, while enacting two very expensive mandates, he is shifting the burden of the costs of his folly to his successor...